Ezine Sept 2017 Archives

ManCo Risk

We talk a lot in the financial services industry about potential fines and/or enforcement action from non-compliance with regulation. What are the risks and what are the potential fines? From the point of view of a Management Company a key risk has to be a “blow-up” of a fund on the platform that can lead […]

December 7, 2017, by administrator

Form PF

The FORM PF is a regulatory reporting requirement whereby hedge fund managers (that are registered with the SEC) with at least $150 million under management must file a FORM PF periodically. Depending on the size of the managers (Assets Under Management) AuM they must file either quarterly or annually. AuM is defined in this instance […]

September 18, 2017, by administrator

ESMA and Substance in the Funds Industry

ESMA released some important opinions over the summer. A crucial and highly relevant paper[1] concerns the UK’s forthcoming withdrawal from the EU and “addresses cross-sectoral regulatory and supervisory arbitrage risks that arise as a result of increased requests from financial market participants seeking to relocate in the EU27 within a relatively short period of time”. […]

September 11, 2017, by administrator

IMF warns Luxembourg Funds Industry

In a newspaper article in Luxemburger Wort it was reported that the International Monetary Fund (IMF) has warned Luxembourg regulators that they must increase their monitoring of risks in the investment fund industry. “The typical model adopted by Luxembourg fund managers involves significant delegation of activities, often including portfolio and risk management,” the IMF report […]

September 1, 2017, by administrator

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